Property mortgage redemption service in Singapore

Singapore Redemption Online

If you wish to engage Loh Eben Ong LLP for the discharge or redemption of your mortgage loan in Singapore, please complete the online form below.

This online form is for property owners seeking to discharge their mortgage upon full loan repayment.

To find out about our Singapore Conveyancing redemption charges, please submit Singapore Property Quote. For brief information on redemption and discharge of mortgage, please go to our help article.

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SINGAPORE REDEMPTION ONLINE

Our discharge of mortgage services cover all property types in Singapore, including:

1. Private residential properties
2. Commercial properties
3.Industrial properties
4. HDB flats
5. HDB shops

As a property owner, you can download a digital record of your property (title document) from MyProperty using your Singpass or Corppass. You can then attach it to this form below.

OWNERSHIP & PROPERTY

No. of Owners*

If more than 2 owners, please upload their ID in ID Upload Section, and indicate in Message Section.

Property Address*

Input full address, eg. Block 888 Ang Mo Kio Street #88-888 Singapore 888888, or 888 Grange Road Singapore 234567

Type of Property*

Is Mortgage Loan fully paid?*

"Yes" means no outstanding Loan owing to Bank

Did you serve Redemption Notice on Bank?*

If you have served a Notice on the Bank, please select "Yes", and indicate the specific Redemption Date below in this form.

Do you want to authorise Bank to deduct from Acccount*

Typical mode of payment is by way of Cashier's Order(s) (not cheque). Please specify if you wish the Bank to deduct the full redemption amount from your debiting account with the Bank. If so, we require a letter of authority in the Bank's approved format to be sent to us at least 14 days before redemption date.

Debiting Bank Account*

Please state accurately your current debiting account for your loan with the Bank, which you wish to authorise the Bank to deduct for the redemption amount. Eg. 123-456-789-0

OWNER 1

Owner 1 Name*

Full Name

Owner 1 ID No.*

Owner 1 ID Type*

Owner 1 ID Country*

Owner 1 Country of Incorporation*

Owner 1 Director Name*

Please specify one Director's particulars

Owner 1 Director ID No.*

Owner 1 Director ID Type*

Owner 1 Director Country*

Owner 1 Address*

Input full address, eg. Block 888 Ang Mo Kio Street #88-888 Singapore 888888, or 888 Grange Road Singapore 234567

Owner 1 Tel*

Owner 1 Email*

Communications will be via this email address

OWNER 2

Owner 2 Name*

Full Name

Owner 2 ID No.*

Owner 2 ID Type*

Owner 2 Country ID*

Owner 2 Country of Incorporation*

Owner 2 Address*

Input full address, eg. Block 888 Ang Mo Kio Street #88-888 Singapore 888888, or 888 Grange Road Singapore 234567

Owner 2 Tel*

Owner 2 Email*

Communications will be via this email address

CPF CHARGE

Apart from the existing Mortgage, is there a CPF Board Charge over the Property. If you have previously used CPF Funds, then likely to be "Yes". If Property is Commercial or Industrial, then select "No"

CPF Charge?*

DISCHARGE DATE

Propose Date of Discharge*

Although your loan is fully paid, there will be documentation to be done and we need to liaise with the Bank, and time is required. Please allow a month for the processing of the Discharge.

REDEMPTION PAYMENT

How are you repaying the redemption amount? The cost will be higher if you are wholly or partially repaying with CPF

Mode of Repayment*

Unless you have signed a direct debit authorisation form with Bank, you will be required to procure a Singapore Bank's Cashier's Order to repay the loan.

Require Specific Date to Redeem Loan?*

If you wish to specify the redemption date or have already serve a Redemption Notice, please select "Yes". For Term Loan, Bank usually requires at least 2/3 Months' notice period. Please check your Mortgage terms.

Specific Redemption Date*

Proposed Redemption Notice Period*

This will be the date in which you make full repayment, and you should check the terms of your Loan. For Term Loan, Bank usually requires at least 2/3 Months' notice period, otherwise, you will need to pay interest in lieu. Please check your Mortgage terms. Do note that redemption should not take place on Public Holiday, Saturday, Eve of Major Holiday, or near end of month.

Loan Penalty/Clawback Period Status*

Most Singapore banks charge a penalty (typically 1% or 1.5% of the redeemed amount) if you fully repay your mortgage within 2-3 years of disbursement. Check your Letter of Offer for 'lock-in period', 'clawback', or 'prepayment penalty' terms and the specific timeframe. If your loan was disbursed less than this period ago, you're within the penalty period and must pay the penalty when redeeming.

BANK

The Bank is your existing Mortgagee in which you took a loan with. Before engaging us, for costs savings, you may wish to check with the Bank if Loh Eben Ong LLP can act for the Bank in the Redemption. We are can represent major local banks in Singapore such as DBS and UOB. Note that you have to pay for both Bank and your own costs and expense in the Redemption (this is usually prescribed in the Mortgage).

Which Bank?*

DBS

UOB

OCBC

SCB

HSBC

Citibank

CIMB

Maybank

HLF

Other

OCBC Bank*

OCBC Bank may not appoint us unless you have served the Notice of Redemption through its branch and indicate that you wish to appoint a specific law firm and specify LOH EBEN ONG LLP. Please forward us a copy of the submitted form in due course.

I/We will serve Notice of Redemption at OCBC Branch and indicate your Law Firm of Loh Eben Ong LLP. Noted that appointed of your firm is subject to Bank's discretion.

Non-Panel Bank*

We are not on this Bank's (or Financial Institution) panel, and the Bank may engage another Law firm to act for the Bank and apart from our costs, you will have pay its Law firm's charges. You may contact the Bank directly if it will engage us for the Redemption prior to engaging us. If you still wish to proceed, please confirm below.

Yes, please proceed. I am aware the Bank may engage another law firm at my costs.

TERMS OF ENGAGEMENT

Declaration of Solvency*

Verification of current financial and bankruptcy status.

I/We declare that the applicant is not an undischarged bankrupt and is not currently subject to any insolvency, winding-up, or liquidation proceedings.

TERMS*

I/We authorise and instruct you, Loh Eben Ong LLP, to serve a Notice of Discharge / Redemption (as the case may be) on my/our behalf to our Mortgagee and to act for me/us in the discharge / redemption of the mortgage of the Property.

I/We undertake to pay all reasonable legal costs and expenses incurred thereto (or as quoted or agreed).

I/We acknowledge that:

1. [Redemption Only] In the event of any change in the redemption date, and/or request for the additional Mortgagee’s redemption statement from the Mortgagee, there may be additional charges imposed by the Mortgagee, which shall be borne by me/us personally. The redemption date shall only fall on a weekday, and exclude public holidays, eve of major public holidays, and weekends (Saturday and Sunday).

2.[Redemption Only] There may be additional administration charges (eg. less than 2 months’ notice), penalties, clawback and other fee(s) charged by the Mortgagee as appearing in the Mortgagee's redemption statement, and I/we will bear these charges and/or verify these directly with the Bank, if required.

3. [Mortgagee's legal costs if represented by another law firm] The Mortgagee (eg. SCB, Maybank, CIMB, Citibank) has the discretion in appointing a different law firm to act for them, and in that event, the Mortgagee's additional charges of that law firm shall be borne by me/us (the client).

4. [Payment with CPF Only] If there are any additional charges/expenses incurred relating to my/our CPF funds usage or CPF Board’s Charge, these charges/expense shall be borne by me/us (unless this has been quoted as part of your fees).

5. [More than one owner] If the Property is owned by more than one owner, your taking instructions (verbally and/or via email) from any one of us shall be deemed as instructions from all of us jointly.

6. [No hardcopy title deed if CPF Charge remains] If I/we am/are discharging the mortgage without discharging the CPF Board's charge (if any), upon discharge of the mortgage, there will be no hardcopy title deed of the Property. Instead, the title to the Property will be managed digitally, ie. suppressed title.

7. [Corporate (Company) Loan(s) Only, if applicable] Any additional charges/expense incurred by you relating to the lodgment of Statement(s) of Satisfaction at ACRA; Deed(s) of Reassignment and/or other documents shall be borne by the Company.

8. [SingPass Authorisation] If required by you, I/we will digitally sign your warrant to act or other requisite documents by way of SingPass App (by owners or directors who are Singapore Citizens and Singapore Permanent Residents only).

I agree to the terms of engagement.

Owner 1 Signature*

Please SIGN using touchscreen devices, touch pads or mouse.

Your Name
Your Name
Your Name

Owner 2 Signature*

Please SIGN using touchscreen devices, touch pads or mouse.

Your Name
Your Name
Your Name

FILES UPLOAD

Owners' IDs

NRIC, Passport, Director's ID (for Company), Business Profile

Drop files here or

Accepted file types: jpg, gif, png, pdf, doc, docx, Max. file size: 3 MB.

Title Documents

If available, upload CT, SSCT, SCT, Lease or Title Search. You can get obtain a free digital title of your property at Singapore Land Authority's My Property by using your SingPass.

Drop files here or

Accepted file types: jpg, gif, png, pdf, doc, docx, Max. file size: 3 MB.

MESSAGE

Your Message

Optional

Redemption ID

TERMS

Please review our Terms before you proceed

I am aware that I am submitting my own and other relevant persons' personal data (eg. name, ID number, telephone, email address) to enable you to prepare the requested legal document(s). The above particulars are true and correct to the best of my knowledge and belief. I also agree to your Terms.

I agree to the Terms of Service

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